QAMNX vs. BDMIX
Compare and contrast key facts about Federated Hermes MDT Market Neutral A (QAMNX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX).
QAMNX is managed by Federated. It was launched on Sep 30, 2008. BDMIX is managed by Blackrock. It was launched on Dec 20, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QAMNX or BDMIX.
Correlation
The correlation between QAMNX and BDMIX is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
QAMNX vs. BDMIX - Performance Comparison
Key characteristics
QAMNX:
2.50
BDMIX:
3.02
QAMNX:
3.61
BDMIX:
4.42
QAMNX:
1.47
BDMIX:
1.57
QAMNX:
0.85
BDMIX:
5.30
QAMNX:
11.77
BDMIX:
18.15
QAMNX:
1.34%
BDMIX:
1.19%
QAMNX:
6.32%
BDMIX:
7.15%
QAMNX:
-24.51%
BDMIX:
-14.89%
QAMNX:
-3.57%
BDMIX:
-1.23%
Returns By Period
In the year-to-date period, QAMNX achieves a 18.30% return, which is significantly lower than BDMIX's 21.85% return.
QAMNX
18.30%
-1.03%
8.38%
16.29%
N/A
N/A
BDMIX
21.85%
2.07%
5.33%
21.65%
7.53%
3.37%
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QAMNX vs. BDMIX - Expense Ratio Comparison
QAMNX has a 1.86% expense ratio, which is higher than BDMIX's 1.57% expense ratio.
Risk-Adjusted Performance
QAMNX vs. BDMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Market Neutral A (QAMNX) and BlackRock Global Long/Short Equity Fund Class I (BDMIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
QAMNX vs. BDMIX - Dividend Comparison
QAMNX's dividend yield for the trailing twelve months is around 2.52%, less than BDMIX's 13.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QAMNX Federated Hermes MDT Market Neutral A | 2.52% | 2.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 13.21% | 7.42% | 0.00% | 0.00% | 0.00% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.27% |
Drawdowns
QAMNX vs. BDMIX - Drawdown Comparison
The maximum QAMNX drawdown since its inception was -24.51%, which is greater than BDMIX's maximum drawdown of -14.89%. Use the drawdown chart below to compare losses from any high point for QAMNX and BDMIX. For additional features, visit the drawdowns tool.
Volatility
QAMNX vs. BDMIX - Volatility Comparison
Federated Hermes MDT Market Neutral A (QAMNX) has a higher volatility of 2.34% compared to BlackRock Global Long/Short Equity Fund Class I (BDMIX) at 2.07%. This indicates that QAMNX's price experiences larger fluctuations and is considered to be riskier than BDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.